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Found 5 results
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  1. Blog URL: https://xrpcommunity.blog/xrp-by-the-numbers-2/ If you're a 'numbers person,' you are in luck: Today's blog is all about the key statistics of XRP! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  2. Ripple continues to build the Internet of value (IOV) and recently heralded new highways to liquidity within XRP. I discuss this progress - along with fascinating other news - in today's blog! Hope you enjoy; please leave any feedback below. Also, feel free to share my blog with anybody and on any platform - and thank you in advance for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. "But XRP works with Banks, not against them!" I lost track of how many times I heard this siren cry from the bitcoinist hoards on bitcointalk back in 2013. Of course, all it did was convince me to be more sure of my XRP investment rather than doubtful. But you'd have to know something about my personal investing history in crypto up to that point. I was not a newbie by then; I'd been burned twice. And both times I learned very key, very painful, investment lessons when it came to crypto-currencies: 1) Never sell on a downturn. 2) A crypto investment with solid use cases always comes back stronger than it was before My Personal Experience I had learned this lesson from initially investing in Peercoin, then losing faith in it before it broke 15 cents. It soon went to $3 and is now listed for $1.60. That would have been roughly a 2,000% return for me if I would have just shown a little fortitude. Remember this was 2013 - the wild west of crypto was just being born at that point. I then said "no more alt coins" and invested back in bitcoin. It was approaching ~ $120 at this time. I remember thinking, "I don't think it can go much higher than this, but I guess I can trade it on a day-trade or swing-trade basis and see if I can make some money." My success was limited. I made some money, I lost some money. And then came XRP The bitcoin purests on bitcointalk were vicious to the new company, "Ripple Labs." They saw XRP as a complete replacement for Bitcoin, and a competitor that could beat Bitcoin in every way. In addition - probably this is was the worst point for some of them - it could work with the existing banking and ForEx infrastructure, not against it. They saw a threat to their profitable BTC holdings, and they attacked Ripple Labs and XRP mercilessly, spreading lies and FUD at a scale that was truly remarkable. So Why Were Bitcoinists So Afraid? Because math. That's the short version, but I know you're here to dig a bit. Basically, banks can use XRP to lower their ForEx transfer and settlement costs. How much those costs can be lessened depends on several factors. (source: https://ripple.com/insights/ripple-can-help-banks-evaluate-their-cross-border-payment-costs/) One of the services that Ripple provides is to work with a bank to analyze their costs and show them how using XRP can lower their transaction costs: In addition to lowering the transaction costs, enabling and integrating with the RCL allows banks and financial institutions to move into new markets if they so choose, as well: (Source: https://ripple.com/files/xrp_cost_model_paper.pdf ) So How Big is Banking and Forex? Yeah, super-big. If you're a newbie, here are those numbers: Current volume with SWIFT: According to this document (source: https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury, SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year. Conservatively, let's say Ripple manages to convince only 1 percent of those banks to use RCL. Remember, this is ONLY ONE use case for XRP, and we're estimating that they only get 1 percent of SWIFT's share. Here's the result: .01 X 1,250,000,000,000,000 X .01 = $12.5 trillion dollars worth of transactions per year! So Banks Would Only Use XRP For ForEx? As big as ForEx will be for XRP, that's not even close to all of it's use cases. For example, it can support confidential, anonymous transactions. source: Ripple has pointed out other high-frequency areas where integrations with RCL and XRP can benefit Financial Institutions: (source: https://ripple.com/files/xrp_cost_model_paper.pdf ) When somebody asks you which crypto-currency is the right choice for Banks and Investment Bankers ... well, you know the answer now! XRP
  4. Beware of the Cynic It's tempting to think that cynical posters here on the forum have some sort of insight that you do not. After all, popular culture and television often portrays intelligent heroes as those that are the MOST cycnical. Look at the character of Sherlock Holmes played by Jonny Lee Miller on "Elementary" with Lucy Liu. It's one of my favorite shows. Or the character of Dr. Gregory House playbed by Hugh Laurie. Both of these heroes have one thing in common: they are dripping with clever sarcasm. So it becomes an automatic reaction for us when we read something positive to dismiss it out of hand as "fluff" or "advertising". So what happens when we truly encounter a new technology that is transformative and promising? There's a risk that we might automatically dismiss its proponents as nothing more than "fanboys" or "trumpeters" trying to make something sound good when it really isn't. In its early years, was Google identified as an incredible buy? Amazon? Ebay? No, not in an obvious sense. To make money on each of those, it required investors to look beyond the skepticism - and the unbridled enthusiasm - of the market at the time, and delve deeper into the facts. Transformative Use Cases As an investor in the crypto-currency space, you must educate yourself on the other choices available, and compare them. To do that, you need to look at the real use cases behind each of the crypto-currencies. I won't get into a lot of the use cases for the other tokens or coins, but feel free to post in response. Here's a few use cases I jotted down for XRP: From Ripple (source: https://ripple.com/xrp/ ): Liquidity for Banks in Replacement of Nostro Accounts Forex Near-Instant Payment Settlement Cross-Currency Payment Settlement Escrow From the Industry (source: http://www.bankingtech.com/775302/bank-of-england-teams-with-ripple-for-cross-border-payments/ ) : Real-Time Gross Settlement for Central Banks From Ripple (source: https://ripple.com/build/payment-channels-tutorial/ ) Payments for things that can be transmitted near-instantly, like digital items Payments for inexpensive things, where the cost of processing a transaction is a non-trivial portion of the price Payments for things normally bought in bulk, where the exact quantity desired is not known in advance From XRPChat Members: Central Bank IOU (Source: @Hodor based on https://www.cryptocoinsnews.com/bank-japan-will-seriously-consider-virtual-currency-senior-official/ ) P2P purchases (source: @ObservantOne ) transfer money instantly on the stock market (source: @ObservantOne ) Generic "Immutability" type use cases (source: http://www.computerworlduk.com/galleries/security/bitcoin-blockchain-what-else-could-it-be-used-for-3628558/ ): digital music rights Land titles Identity Provisioning Services Supply Chain Information Online Voting Recording NASDAQ Trades Smartcard Payments Tracking government payments Decentralized Exchange Let me know if I've missed any. Based on the above list, we're on track for extremely high usage of XRP. In the case of truly transformative tech, place your bets while it's still cheap, and buy XRP!
  5. http://trynotlaughs.us/live-from-sibos-mr-gautam-jain-standard-chartered-bank-on-ripple/
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